Washington | The Federal Reserve’s preferred measure of underlying inflation offered some relief after a string of reports suggested price pressures are heating up, but a larger-than-expected pullback in spending may raise concerns about the resilience of the US economy.
The so-called core personal consumption expenditures price index, which excludes food and energy, rose 0.3 per cent in January from the previous month; it had risen 0.2 per cent in December.
